Ace-backed DiPonio Contracting targets AI tools to streamline underground infrastructure work

• Ace & Company backed DiPonio Contracting to expand its underground infrastructure repair and replacement business.
• DiPonio generates about 95% of revenue from modernization work rather than new development, targeting water, sewer, stormwater, power infrastructure.
• Michigan mandate to replace more than 510,000 lead or galvanized service lines through 2041 underpins long-duration demand.
• Deal led by Evolution Strategy Partners, an independent sponsor with a long-standing relationship with ACE.
• AI deployment to target estimating, scheduling, fleet maintenance, documentation; field execution remains crew-led.

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